If Both the Supply of and the Demand for a Good

question 222

Multiple Choice

If both the supply of and the demand for a good increase simultaneously, and if demand grows relatively less than supply, then price will

• A) rise and quantity will fall.
• B) fall and quantity will rise.
• C) be indeterminate and quantity will fall.
• D) be indeterminate and quantity will rise.

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Definitions:

Generalization of Inhibition

Generalization of inhibition occurs when an organism learns to suppress a response not only to the conditioned stimulus but also to stimuli that are similar to the conditioned stimulus, demonstrating a broadening of inhibitory control.

Generalization Gradient

A graph that shows the strength of responding in the presence of stimuli that vary in similarity to the conditioned stimulus; typically, responses diminish as stimuli become less similar.

Hull-Spence Model

A theory of learning that integrates drive reduction and incentive motivation, proposing that a combination of stimuli and past reinforcements can predict behavior.

Generalization Gradients

In learning theory, the range and degree to which a learned response is produced to stimuli that vary from the original conditioned stimulus.